Today's Pre-Market Stock Movers and Top Ratings: ADBE, RH, GS, GILD and More

$Adobe (ADBE.US)$ stock rose 1.6% after Mizuho Securities upgraded the computer software company to ‘buy’ from ‘neutral’, saying it is well-positioned to capitalize on digital transformation with its highly comprehensive end-to-end offering.

$DocuSign (DOCU.US)$ stock rose 1% after the e-signature company beat expectations in its second quarter, with revenue up 10.5% year-on-year, and thus raised its annual revenue forecast.

$Asbury Automotive (ABG.US)$ stock rose 3.2% after the auto-dealer said that it would acquire Jim Koons automotive dealerships group for about $1.2 billion.

$Goldman Sachs (GS.US)$ stock fell 0.3% after the Financial Times reported that the investment bank is planning for another round of job cuts for employees who are deemed underperformers, which could come as soon as late October.

$The Kroger (KR.US)$ fell 2.8% following a mixed second-quarter report. Kroger reported earnings per share ex-tems of 96 cents, beating the consensus forecast of 91 cents from analysts polled by LSEG, formely known as Refinitiv. But the company posted $33.85 billion in quarterly revenue, under the $34.13 billion anticipated by analysts.

$Restoration Hardware (RH.US)$ stock fell 7.3% after the luxury furniture retailer posted disappointing guidance for the next quarter, citing “challenging” conditions through 2023.

$GameStop (GME.US)$ stock fell 1.4% on a report that the U.S. Securities and Exchange Commission was investigating the videogame retailer's chairman, Ryan Cohen.

$Arch Capital (ACGL.US)$ initiated at Neutral by Goldman Sachs, announced target price at $80.

$Gilead Sciences (GILD.US)$ was upgraded by BofA Securities from Neutral to Buy, increased target price from $88 to $95.

$Adobe (ADBE.US)$ was upgraded by Mizuho from Neutral to Buy, increased target price from $520 to $630.

$ABM Industries (ABM.US)$ was downgraded by Deutsche Bank from Buy to Hold, decreased target price from $65 to $43.